The CEO may be a nice person? But he is a failure. In the ten years of his tenure, Relm has not grown. The CEO must be held responsible for his company's performance. From reading annual reports these are the highlights of the 10 years of "Leadership"
2000 Lost $1.4Mil Intro GMH series radio. R&D $1.2Mil 84 Employees
I can't argue with the dismal sales stats, but I have to take issue with the assertion that Story is getting rich. If you take a look at the latest proxy statement on SEC.gov, you will see that his annual compensation and option grants, while certainly adequate, have not made him a "wealthy man." Mr. Story and the other long-time execs (Kelly and Cook) will only make any real money if they can get stock price up to over $4. What is fascinating to me is that none of them exercised their large early 2000's grants of vested $1 options during the last two runups to $10 and $4 respectively.These options all expire in less than a year - so at least these guys are true belivers and willing to put their money where their mouth is. I am holding on for the big payday - either improved performance or someone taking them out at $4 +